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The Florida Senate

CS/CS/HB 505: Insurance

GENERAL BILL by Commerce Committee ; Insurance & Banking Subcommittee ; Berfield ; (CO-INTRODUCERS) Canady ; Lopez, V.

Insurance; Prohibits liveries from leasing or renting or offering to lease or to rent livery vessels unless certain duties relating to insurance are fulfilled; specifies qualification for local governmental entity's representative on self-insurer's governing body; revises requirements for residential property insurance rate filings; revises & specifies alternative hurricane deductible amounts for personal lines residential property insurance policies covering risks with specified dwelling limits; provides for foreign pure captive insurance company to do business in state; revises circumstances under which service agreement companies do not have to establish & maintain unearned premium reserves.

Effective Date: 7/1/2023
Last Action: 5/1/2023 House - Laid on Table; companion bill(s) passed, see CS/CS/CS/SB 418 (Ch. 2023-217)
Bill Text: PDF



Bill History

Date Chamber Action
1/24/2023 House • Filed
2/1/2023 House • Referred to Insurance & Banking Subcommittee
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
3/7/2023 House • Added to Insurance & Banking Subcommittee agenda
• 1st Reading (Original Filed Version)
3/9/2023 House • Favorable with CS by Insurance & Banking Subcommittee
• Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in State Administration & Technology Appropriations Subcommittee
• 1st Reading (Committee Substitute 1)
3/17/2023 House • Added to State Administration & Technology Appropriations Subcommittee agenda
3/21/2023 House • Favorable by State Administration & Technology Appropriations Subcommittee
• Reported out of State Administration & Technology Appropriations Subcommittee
• Now in Commerce Committee
4/13/2023 House • Added to Commerce Committee agenda
4/18/2023 House • Favorable with CS by Commerce Committee
4/22/2023 House • Reported out of Commerce Committee
• Laid on Table under Rule 7.18(a)
• CS Filed
4/24/2023 House • 1st Reading (Committee Substitute 2)
4/25/2023 House • Bill referred to House Calendar
• Added to Second Reading Calendar
5/1/2023 House • Laid on Table; companion bill(s) passed, see CS/CS/CS/SB 418 (Ch. 2023-217)